Atlantic City’s nine casinos returned more than $504 million to the state in taxes and fees during the fiscal year 2022-2023, according to statistics released by the New Jersey Division of Gaming Enforcement. It is a record amount that will help fund public programs around New Jersey.
More than $436.6 million from the fund was budgeted for Community Care Program Individual Support, according to the 2023-24 state budget. The individual support services program delivers services, including help with household chores. It also provides training to residents of state-licensed residential facilities to assist them with self-care and habilitation-related tasks.
NJ Transit used more than $38.9 million from the fund for its Senior Citizens and Disabled Residents Transportation Assistance Program, according to state records.
“The Casino Revenue Fund is critical to operating the Senior Citizen and Disabled Resident Transportation Assistance Program,” said Jim Smith, spokesperson for NJ Transit, to the Press of Atlantic City. “This program allows for county coordinated transportation that provides transportation to senior citizens and people with disabilities and acts as a lifeline to necessities such as non-emergency medical trips, shopping, and nutrition.”
“Internet gaming has substantially increased tax revenue for the state of New Jersey’s Casino Revenue Fund and for the CRDA,” said Jane Bokunewicz, director of the Lloyd D. Levenson Institute of Gaming, Hospitality and Tourism at Stockton University, according to the Press of Atlantic City. “The increased volume of internet gaming play, coupled with the higher tax rate, 15 percent on internet gaming compared to 8 percent on slots and tables revenue, led to a substantial increase in total gaming taxes collected by the state of New Jersey—particularly post-COVID.”
